Anchor Investment Management Increases Stake in Golub Capital BDC, Inc.

Anchor Investment Management LLC has significantly increased its investment in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 195.0% during the third quarter of the year. This information comes from the most recent filing made with the SEC. Following this acquisition, Anchor Investment Management now holds a total of 274,115 shares of the investment management company’s stock after acquiring an additional 181,210 shares over the quarter. As per the latest report, Anchor Investment Management owns 0.16% of Golub Capital BDC, amounting to a value of approximately $4,142,000.

Besides Anchor Investment Management, several other institutional investors have also been active in buying and selling shares of Golub Capital BDC. For instance, Partners Group Holding AG increased its stake by 48.2% during the same period, resulting in ownership of 1,994,663 shares valued at approximately $30,139,000 after acquiring an additional 648,855 shares last quarter. Similarly, TCW Group Inc. raised its position by 63.0% in the second quarter, now owning 430,702 shares, which is valued at $6,766,000 following an acquisition of 166,480 shares.

Northeast Financial Consultants Inc. expanded its stake by 151.8% during the second quarter, bringing its total to 2,104,195 shares valued at $33,057,000 after purchasing an additional 1,268,442 shares. BBR Partners LLC entered into a new stake in Golub Capital BDC during the third quarter worth around $655,000. Additionally, Baillie Gifford & Co. enhanced their investment by 64.5% in the second quarter, resulting in ownership of 505,959 shares valued at $7,949,000 after an increase of 198,473 shares.

Currently, institutional investors and hedge funds collectively own 42.38% of the stock for Golub Capital BDC.

Analyst Ratings Changes

The shares of Golub Capital BDC have been the focus of several analyst evaluations. Recently, Wells Fargo & Company reduced their target price for Golub Capital BDC from $15.50 to $15.00, assigning an "equal weight" rating in their research note published on November 21st. Meanwhile, StockNews.com upgraded the shares from a "sell" rating to a "hold" rating in a report released on November 29th. In summary, three investment analysts have rated the stock as a hold, while three have given it a buy rating. According to MarketBeat.com, Golub Capital BDC currently enjoys a consensus rating of "Moderate Buy" with an average price target set at $16.40.

Golub Capital BDC Price Performance

As of Thursday, GBDC shares opened at $15.07. The company has seen a twelve-month low of $14.05 and a high of $17.72. With a market capitalization of $3.98 billion, it has a price-to-earnings ratio of 10.69 and a beta value of 0.54. Its liquidity ratios are strong, with a current ratio and quick ratio both at 4.73, while the debt-to-equity ratio stands at 1.15. The company also holds a fifty-day simple moving average of $15.33 and a 200-day simple moving average of $15.32.

Golub Capital BDC Dividend Announcement

Recently, Golub Capital BDC announced a quarterly dividend, which is scheduled to be paid on December 27th. Stockholders on record as of December 9th will receive a dividend of $0.39 per share, translating to an annualized dividend of $1.56 and a dividend yield of 10.35%. The ex-dividend date is also set for December 9th. At present, Golub Capital BDC's dividend payout ratio (DPR) is measured at 110.64%.

Golub Capital BDC Profile

Golub Capital BDC, Inc. (GBDC) operates as a business development company. It is an externally managed, closed-end non-diversified management investment company that focuses on investing in debt and minority equity positions in middle-market companies, which are typically backed by private equity investors.

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